2402 E ESPLANADE Lane 901, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 3 bath
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Phoenix, AZ 85016
This 9th-floor luxury residence is a High-Potential Investment Opportunity with a List Price of $2,100,000—positioned well below the $2,132,648 Fair Market Value by 1%. This valuation gap offers $32,648 in Instant Equity. Currently holding a Poor Condition Rating due to building-wide drain renovations, the 3,000 sqft unit features panoramic mountain views and elite Biltmore amenities. Proximity to Madison Park School and Camelback High adds long-term value. This value-add asset is ideal for Luxury-Focused Investors or Contractors seeking a premier Phoenix acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2402 E ESPLANADE Lane 901 Subject | $2,100,000* List Price | 2 | 3 | 2,978 | $716 | - |
A 2402 E ESPLANADE Lane 604 Active | $1,749,000 List Price | 2 | 2 | 2,417 | $724 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently undergoing substantial renovations due to a building-wide drain issue, which has triggered a special assessment. While the building was constructed in 2002, the active plumbing failure and ongoing rehabilitation of the unit's infrastructure meet the criteria for 'poor' condition, as major systems require repair and the interior is currently in a state of transition with no updated photos available.
Situated in the heart of the prestigious Biltmore area, this residence offers immediate walkability to world-class shopping, acclaimed dining, and high-end entertainment.
The property provides a true resort-style lifestyle with 24/7 concierge, valet service, a state-of-the-art fitness center, and a stunning rooftop pool featuring panoramic mountain views.
With nearly 3,000 square feet of living space, the 9th-floor unit features a sophisticated open floor plan including a dedicated office with custom built-ins and a separate media room.
The unit is currently undergoing renovations due to a building-wide drain issue, which has resulted in a lack of interior photos and potential uncertainty regarding the completion timeline.
In addition to a substantial monthly association fee of $3,493, owners are currently subject to a special assessment to resolve the building's plumbing infrastructure issues.
Experience the pinnacle of high-end condominium living at Esplanade Place Condominium, one of Phoenix's most exclusive residential communities. This prestigious building offers a full suite of resort-style amenities, including a state-of-the-art fitness center, elegant club room, 24/7 concierge and security, valet service, a stunning rooftop pool with panoramic views, and underground secured parking with two dedicated parking spaces plus a spacious private storage room. Situated on the 9th floor, this expansive residence spans approximately 3,000 square feet and showcases breathtaking views of Midtown Phoenix. The thoughtfully designed open floor plan is ideal for both everyday living and entertaining, featuring two generously sized bedroom suites, a dedicated office/den with custom built-in shelving, and a separate media room for relaxed evenings at home. Located in the heart of the coveted Biltmore Area, residents enjoy immediate access to world-class shopping, acclaimed restaurants, vibrant bars, and all the lifestyle conveniences this iconic neighborhood is known for. This exceptional home combines space, privacy, luxury, and location--offering a truly elevated urban living experience. ****Please note that this unit is currently undergoing renovations due to a building drain issue and as such, there are no interior photos available at this time. This issue is being resolved by the building management and is the reason there is a special assessment on each unit.****
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 2,978 | 1,189 | 93% |
| Lot Size | 288 | 995 | 16% |
| Price | $2.10M | $381.5K | 95% |
| Price per sq ft | $705 | $312 | 95% |
| Built year | 2002 | 1984 | 70% |
| HOA | $3493 | $365 | 99% |
| Days on market | 64 | 1430 | 1% |
Feb 21, 2026
$2,100,000
Initial Listing